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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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OMB APPROVAL
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| Estimated average burden hours per response... | 0.5 |
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(Print or Type Responses)
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1. Name and Address of Reporting Person *
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| Bastian Jeffery S. |
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2. Issuer Name and Ticker or Trading Symbol
LSI INDUSTRIES INC [LYTS]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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_____ Director
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_____ 10% Owner
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__X__ Officer (give title below)
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_____ Other (specify below)
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Chief Accounting Officer
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C/O LSI INDUSTRIES INC., 10000 ALLIANCE RD |
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2022 |
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CINCINNATI, OH 45242 |
4. If Amendment, Date Original Filed
(Month/Day/Year)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Transaction Date (Month/Day/Year)
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2A. Deemed Execution Date, if any (Month/Day/Year)
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3. Transaction Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
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7. Nature of Indirect Beneficial Ownership
(Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Shares (1) |
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| 36,781 | D |
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| Common Shares | 09/15/2022 |
| M |
| 2,716 | A |
$7.2 | 49,930 | D |
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| Common Shares | 09/15/2022 |
| F |
| 104 | D |
$8.3 | 49,826 | D |
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| Common Shares | 09/15/2022 |
| S |
| 2,612 | D |
$8.3 | 47,214 | D |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Transaction Date (Month/Day/Year)
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3A. Deemed Execution Date, if any (Month/Day/Year)
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4. Transaction Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
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6. Date Exercisable and Expiration Date
(Month/Day/Year)
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7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
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11. Nature of Indirect Beneficial Ownership
(Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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| Option to Buy (2) |
$4.94 |
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(3) | 08/16/2028 | Common Shares | 20,000 |
| 20,000 | D |
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| Option to Buy (2) |
$3.83 |
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(3) | 08/21/2029 | Common Shares | 27,618 |
| 27,618 | D |
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| Option to Buy (2) |
$9.15 |
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(4) | 06/12/2027 | Common Shares | 5,000 |
| 5,000 | D |
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| Option to Buy (2) |
$6.58 |
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(4) | 08/16/2022 | Common Shares | 11,250 |
| 11,250 | D |
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| Option to Buy (2) |
$7.2 | 09/15/2022 |
| M |
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| 2,716 |
(4) (5) | 08/23/2023 | Common Shares | 7,197 |
$
0
| 4,481 | D |
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| Option to Buy (2) |
$6.81 |
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(4) | 11/20/2024 | Common Shares | 20,000 |
| 20,000 | D |
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| Option to Buy (2) |
$9.39 |
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(4) | 07/01/2025 | Common Shares | 15,000 |
| 15,000 | D |
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| Option to Buy (2) |
$11.06 |
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(4) | 07/01/2026 | Common Shares | 10,000 |
| 10,000 | D |
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| Option to Buy (2) |
$5.92 |
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(3) | 08/17/2027 | Common Shares | 18,000 |
| 18,000 | D |
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| Option to Buy (2) |
$6.8 |
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(3) | 08/19/2030 | Common Shares | 13,096 |
| 13,096 | D |
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Reporting Owners
| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Bastian Jeffery S.
C/O LSI INDUSTRIES INC.
10000 ALLIANCE RD
CINCINNATI, OH 45242 |
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Chief Accounting Officer |
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Signatures
| /s/ F. Mark Reuter as Attorney-in-Fact on behalf of Jeffery S. Bastian | |
09/19/2022 |
| **Signature of Reporting Person | Date |
Explanation of Responses:
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Common Shares held in the LSI Industries Inc. Non-Qualified Deferred Compensation Plan. |
| (2) | These holdings have been previously reported on Form 4. |
| (3) | The options vest ratably over a three year time period. |
| (4) | The option vests at a rate of 25% per year beginning on the one year anniversary of the date of grant. |
| (5) | The reporting person sold 9,341 shares on September 13, 2022 and an additional 462 shares were withheld to pay taxes. This information corrects the information in Table 1 of the reporting persons September 13, 2022 Form 4. |
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
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